Hellenic Bank posted €69.7 mln profit for the first quarter of 2023, as it offloads toxic loans. The bank holds a Solid Capital Position with a CET1 ratio of 19.3% and a Capital adequacy
DBRS Morningstar assigned a BBB rating to a series of notes issued by PIMCO fund Capella Financing that has undertaken the majority of €1.4 bln worth of non-performing loans of Hellenic Bank
Greece’s Eurobank is reportedly edging towards a takeover of Hellenic Bank as it prepares to increase its stake in the island’s second-largest lender past 30%. Once it reaches the 30% benchmark, according
Cyprus’ second-largest lender, Hellenic Bank, posted 2022 full-year net profits of €24.2 mln, a rise of 307% year-on-year. “Despite the challenges caused by the war in Ukraine and the inflationary pressures, we
Eurobank is moving closer to a takeover of the island’s second-largest lender after solidifying its position as Hellenic Bank’s major shareholder acquiring another 3.2%, essentially buying out Senvest Management LLC. Combined with
Hellenic Bank has an optimistic strategic plan to generate over €200 mln in pre-tax profits in 2023, driven by changes in interest rates and lower operating costs following the early retirement scheme.
Capital Intelligence upgraded most of its rating for Hellenic Bank a day after the CEO returned to work after being cleared of any wrongdoing in a CySEC probe into alleged market abuse.
Hellenic Bank’s CEO, Oliver Gatzke, can return to work on Monday following the lifting of the board’s decision to sideline the German after allegations of market abuse. Gatzke could be back at
Hellenic Bank’s voluntary early retirement plan to streamline operations will decrease capital and weigh on its profitability this year but reduce its workforce by 17% and lower operating costs, a credit-positive move,
Eurobank is on its way to becoming Hellenic Bank’s largest shareholder after announcing an initial deal to buy 13.41% of Wargaming’s 20.61% holding for €70 mln. Greece’s Eurobank Cyprus subsidiary announced the
